ITT Educational’s CEO, directors scoff at $250M lawsuit
Attorneys for the defendants have asked the court to discuss the case, arguing it falls far short of the standards needed to warrant a full-blown trial.
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Nation’s top student loan official resigns in protest
Seth Frotman will be stepping down as student loan ombudsman at the end of the week, citing what he says is the White House's open hostility toward protecting the nation's millions of student loan borrowers.
For-profit colleges have more support, but complaints persist
Education Department documents show that students filed nearly 24,000 federal fraud complaints between President Donald Trump's Jan. 20, 2017, inauguration and April 30 this year, almost entirely against for-profit colleges.
IPS’ big ask: What a $220 million referendum means for the district and its taxpayers
The district says that, to keep its main priority on the table—raising money for salary increases for teachers and staff—it made tradeoffs that could leave it financially vulnerable down the road.
Teachers’ frustration extends well beyond pay, but would they walk out?
Teachers say that, beyond compensation issues, they are grappling with inadequate school funding, a lack of respect from some parents and community members, and increased school-safety concerns.
Bankruptcy trustee files $250M suit against ITT Tech’s former CEO, directors
The lawsuit alleges that ITT Educational’s bankruptcy and the closure of its 130-school chain could have been avoided or minimized if the board of directors had fulfilled its duties instead of focusing on keeping former CEO Kevin Modany happy.
WGU Indiana leader leaving to start higher ed fundraising group
Newly created WGU Advancement will raise funds to support the university’s mission and commitment to “reinvigorating the promise of higher education for all.”
Fishers-based Strada Education to sell Student Connections
Of Student Connections’ 58 employees in Indianapolis, 42 are expected to keep their jobs after the acquisition.
House, Senate agree on workforce changes, but critics say they don’t go far enough
The major change this year is to replace the existing State Workforce Innovation Council with a new board that legislative leaders hope will be smaller and more nimble.
IPS has second chance to learn playbook, cram for referendum
The school district’s decision to postpone planned ballot measures for $725 million raises questions about why leadership couldn’t get it right the first time.
Student-debt firms shielded from state probes in new federal plan
Student-loan debt collectors accused of misleading borrowers would get more protection under a proposal from the Trump Administration.
Bosma: Major changes to state workforce system likely must wait
Pushing the discussion to next year is likely to frustrate advocates in the business community who believe lawmakers have toiled long enough on the workforce development system, making incremental changes year after year.
Indiana bill would tap savings to fix $11.8M school-funding shortfall
Indiana lawmakers have a proposal to shuffle state money around to cover an $11.8 million shortfall in school funding that emerged late last year.
New coding school will let students pay with share of future income
More than half of the students in Kenzie Academy’s first coding class—launching in January—will finance their education using income-share agreements, a concept that has been lauded by Purdue President Mitch Daniels.
Notre Dame to pay millions under tax reform bill
A university spokesman says the sweeping overhaul of the nation’s tax laws that Congress approved Wednesday would cost the university up to $9 million per year.
Butler closes on purchase of seminary buildings, 40 acres of land
Butler University’s College of Education plans to move into the main Christian Theological Seminary building in the 2018-2019 academic year.
Sallie Mae planning $12M expansion, 350 more jobs in Indianapolis
The expansion is the second for the student loan giant in Indianapolis in less than two years.
ITT failure a calamity, but former execs say not fraud
The SEC broadly charges that two former ITT Educational Services executives concealed from investors the “extraordinary failure” of two off-balance-sheet student loan programs ITT helped set up in 2009 after the financial crisis shut down the market for traditional private education loans.
Education Department might only partly forgive some student loans
The Department of Education is considering only partially forgiving federal loans for students defrauded by for-profit colleges, according to department officials, abandoning the Obama administration's policy of erasing that debt.
Study: For-profit colleges blamed for many student debt defaults
Students who attended for-profit colleges were twice as likely or more to default on their loans than students who attended public educational institutions, according to a federal study published Wednesday.